Maharashtra State BoardHSC Commerce 12th Board Exam
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State to Whether the Following Statement is True/False. - Book Keeping and Accountancy

MCQ
True or False

State to whether the following statement is True/False.
The debenture holder is owner of the company.

Options

  • True

  • False

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Solution

False

Explanation:
 Debenture-holders are the creditors of a company. They get interest at a fixed rate, irrespective of whether the company makes profit or not. Unlike shareholders, they are not the owners of the company.

Concept: Meaning and Concept of Debentures
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 11 Company Accounts Part - 2 (Accounting for Debentures)
Exercise | Q 1 | Page 373
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